How to fight Internet Price Increases from Rogers and Bell

Recently, there was an article that mentioned Rogers and Bell were increasing monthly internet fees by between $5-$8 a month. That roughly works out to be a 10% annual increase for the average user. Of course the standard response is that they will be using these excess funds to further research and improve service. I call B.S

The next gen internet technology has already been developed (li-fi) and the infrastructure to harness the higher bandwidth is already in place. The real reason is that they are offsetting hundreds of call centre hourly wage increases that came into effect this year. Thank you Kathleen.

What makes it worse is that no one can really compete against the 2 biggest providers. They even collaborate on investments (MLSE). So what can you do?

Buy their stock. I know how this sounds, but they both pay good dividends and it’s nice to have them pay you for a change.

With Netflix and other services inching their way past the CRTC, you need to do your homework and decide what you can live with. I am downsizing my package to the basic one next month in protest and save 30.00/mth or 360.00/yr.

Stay frugal my friends…

Rick Barbosa

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rickbarbosa

Our Senior Partner Rick Barbosa is a Professional Accountant and Personal Financial Advisor with over 20 years experience dealing with Large Fortune 500 Organizations and Small to Medium sized Family owned Businesses. If you're looking for help with your finances, taxes, investing or starting and managing a business you've come to the right person.
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